132
132
Nov 1, 2012
11/12
by
CNBC
tv
eye 132
favorite 0
quote 0
that extends pretty broadly across the u.s. it's not only in the nonresidential construction area, having moved from the sort of industrial side of nonresidential construction into the commercial, as you noted. also we're seeing this uptick in residential construction. it's not a breakaway, but clearly we think we're on our way back to 1.5 million housing, that seems to be the sustainable number. that's a couple years out from where we are today. but family formation would support about that type of activity. so we still see real activity supporting this electrical business we have. >> i'm going to leave it on that note because i like it, it's a high note and i feel like that is exactly how i should be thinking about the new eaton, which is a tremendous combination right for this time. sandy cutler, thank you for coming on the show. >> thanks for having us on boards. >>> the stock goes up, too. why does it go up too? because it's better than expected and the combination of eaton and cooper is very powerful. yes, the hurricane,
that extends pretty broadly across the u.s. it's not only in the nonresidential construction area, having moved from the sort of industrial side of nonresidential construction into the commercial, as you noted. also we're seeing this uptick in residential construction. it's not a breakaway, but clearly we think we're on our way back to 1.5 million housing, that seems to be the sustainable number. that's a couple years out from where we are today. but family formation would support about that...
186
186
Nov 1, 2012
11/12
by
CNBC
tv
eye 186
favorite 0
quote 0
it's true that the u.s. matters. but let me use this rally today to help you understand the world of expectations. not reality. not reality at all. but expectations. >> house of pleasure. >> and how do expectations matter so much more than what has already happened? we're in the midst of earnings season. the bulk of technology reports are already reported. the first was that the united states was holding its own. maybe getting a little better. power behind consumer spend. the fiscal cliff looming but still the positive. second is that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wupt going to turn around any time soon. certainly not in time to help 2012. this came from a decline in orders. they all articulated as such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collec
it's true that the u.s. matters. but let me use this rally today to help you understand the world of expectations. not reality. not reality at all. but expectations. >> house of pleasure. >> and how do expectations matter so much more than what has already happened? we're in the midst of earnings season. the bulk of technology reports are already reported. the first was that the united states was holding its own. maybe getting a little better. power behind consumer spend. the fiscal...
147
147
Nov 5, 2012
11/12
by
CNBC
tv
eye 147
favorite 0
quote 0
on thursday we will find out if the u.s. imports or exports more goods with the international trade balance and on friday consumer sentiment. the white house has seen a jump in its housing value. a market price of $284.9 million. a slight increase from four years ago. real estate site zillo made the estimate taking into account the washington neighborhood surrounding pennsylvania avenue and tax assessments of other homes nearby. it boasts 16 bedrooms and 35 bathrooms and plent tif charm. that will do it for us. next week the story continues and the work begins, we'll have reaction to the 2012 presidential election and look at what the president will be dealing with. each week keep it here where wall street meets main street. have a great week, everybody, i'll see you next weekend. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional p
on thursday we will find out if the u.s. imports or exports more goods with the international trade balance and on friday consumer sentiment. the white house has seen a jump in its housing value. a market price of $284.9 million. a slight increase from four years ago. real estate site zillo made the estimate taking into account the washington neighborhood surrounding pennsylvania avenue and tax assessments of other homes nearby. it boasts 16 bedrooms and 35 bathrooms and plent tif charm. that...
191
191
Nov 2, 2012
11/12
by
CNBC
tv
eye 191
favorite 0
quote 0
the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in thi
the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been...
66
66
Nov 2, 2012
11/12
by
CNBC
tv
eye 66
favorite 0
quote 0
if you're a u.s. corporate trying to take van of those longer erm domestics, the same risks are there. >> my favorite topic, the correlation. there is very limited correlation between gdp growth and actually sock market performance. a lot of what has been funded at the sales line is being taken out of working capital and if you get a more sophisticated investor base looking at this to say hang on a minute, this isn't all as it seems. >> and that get there is to see ski matt tig. we'll never get the consumption that people will get out of the emerging world. as we get the number of cars per household, we don't have the resources for it. so i'm just wondering if too much growth expectation has been played on the emerge market story. given climate change and emerging markets, impact of deleveraging from the crisis, et cetera, we are currently consuming 1.5 times the resourc resources. add the 9 billion population by 2015, and assume that population wants to lead on the american way of life, you'll be con
if you're a u.s. corporate trying to take van of those longer erm domestics, the same risks are there. >> my favorite topic, the correlation. there is very limited correlation between gdp growth and actually sock market performance. a lot of what has been funded at the sales line is being taken out of working capital and if you get a more sophisticated investor base looking at this to say hang on a minute, this isn't all as it seems. >> and that get there is to see ski matt tig....
232
232
Nov 2, 2012
11/12
by
CNBC
tv
eye 232
favorite 0
quote 0
category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tuesday. big issue has been getting truckers. the rail hasn't been shut down. i'd say by today we're getting fairly back to normal. our folks did a pretty good job of building inventory before the storm hit. so we only think we're down by 100 to 200,000 cases where we would h
category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because...
99
99
Nov 1, 2012
11/12
by
CNBC
tv
eye 99
favorite 0
quote 0
we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning. >> let's update
we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all...
51
51
Nov 8, 2012
11/12
by
CNBC
tv
eye 51
favorite 0
quote 0
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions which means it's quite stable relative to a personality-driven election like in the u.s. there are three factions in play in china right now. the the hu and wen factions worked through the provinces to become leaders and they're the reformers. the second group is the jiang zemin group and jiang was the president before hu who left in 2002. he was widely viewed that on his death bed he's made a resurgence and this convention is basically the jiang zemin crowd known as the shanghai gang in china taking over the china. the children of the original revolutionary leaders and xi is one of
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions...
267
267
Nov 2, 2012
11/12
by
CNBC
tv
eye 267
favorite 0
quote 0
the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important component to this story. >>> 40 minutes before the closing bell sounds on wall street for friday. the market is under pressure today after being up 57 points on the better than expected jobs numbers. a complete reversal. we're looking at a triple-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as well? comparing those two coming up next. >>> and how will sandy impact clorox? the ceo will join
the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important...
287
287
Nov 5, 2012
11/12
by
CNBC
tv
eye 287
favorite 0
quote 0
and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just started his new company, robert wolf. watch our full team election coverage tomorrow night. we kick off at 5 p.m. eastern tomorrow. i'll be anchoring along with carl quintanilla at 7 p.m. we'll navigate through all the closings throughout the country. we'll be with you as we learn the winner of the white house and balance of congress breaks down tomorrow night all night on cnbc. let's get to bertha coombs. she has news on market flashes. >> a couple of companies reporting after the close here. they are tumbling. take a look at expressscripts. revenue is a little light. it's lifting the lower end of guidance for fiscal 2012. it won't give guidance until 2013. in the release it says expects claims lost from united healthcare, a weak business climate, all of
and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just started his new company, robert wolf. watch our full team election coverage tomorrow night. we kick off at 5 p.m. eastern tomorrow. i'll be anchoring along with carl quintanilla at 7 p.m. we'll navigate through all the...
241
241
Nov 10, 2012
11/12
by
CNBC
tv
eye 241
favorite 0
quote 0
. >>> you've got the u.s. marines in afghanistan. >> in honor of my grandfather. >> in honor of my great grandfather. >> thank you to the veterans today and the ones that came before us to help make our nation free. [ applause ] >> welcome back to our special salute to the troops show. we're proud to have so many brave men and women. i will gladly admit that there are some things the government does really well with national defense at the top of the list. but when you find yourself in a situation where we are at now, that's a problem. i'm a stock guy. i hate to pontificate about politics. it's supposed to be private. but with the fiscal cliff coming at the end of the year, politics actually matter. i am urging leaders to rise above partisan politics and solve this dire situation. the last time was in the summer of 2011. that was no fun time to be an investor. now the senator makes sense to stocks that could, just bring the register on some. with a moment like this, what you really so let me talk to you about
. >>> you've got the u.s. marines in afghanistan. >> in honor of my grandfather. >> in honor of my great grandfather. >> thank you to the veterans today and the ones that came before us to help make our nation free. [ applause ] >> welcome back to our special salute to the troops show. we're proud to have so many brave men and women. i will gladly admit that there are some things the government does really well with national defense at the top of the list. but...
199
199
Nov 1, 2012
11/12
by
CNBC
tv
eye 199
favorite 0
quote 0
but if you look at the general picture of equities here in the u.s. and corporate balance sheets, particularly valuation levels, stocks are just not expensive here. they may not be dirt cheap, but they're certainly not expensive either. we think, you know, now through the end of the year the things that have worked over the course of the last 12 to 18 months continue to work. large equities is certainly in that category. >> certainly the large dividend payers as well. all right. the sectors that have performed well all year jurnunderperforme last week. we're seeing them in the lead now. what would be your guess in terms of where the money moves sector-wise? >> i think as was just mentioned, next tuesday is a major roll of the dice. several people have strategically played that very well. particularly dividend payers. i think what you're seeing is some people kind of cleaning up, taking some profits, reducing their risk in that thing in case there is a surprise in the election. i think they're holding back now, but i still see things being somewhat def
but if you look at the general picture of equities here in the u.s. and corporate balance sheets, particularly valuation levels, stocks are just not expensive here. they may not be dirt cheap, but they're certainly not expensive either. we think, you know, now through the end of the year the things that have worked over the course of the last 12 to 18 months continue to work. large equities is certainly in that category. >> certainly the large dividend payers as well. all right. the...
156
156
Nov 1, 2012
11/12
by
CNBC
tv
eye 156
favorite 0
quote 0
it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china protests are going to work out. >> this is as much as a stiff today, it's a 30-year low. >> these are huge companies, the vhs, beta max work. that's a good point actually. >> these are all the leaders. these were all the leaders that you think about. >> i remember when there was a period in 1998 and 1999 it was a question of who was going to rule the world, panasonic or sony. >> look, we were talking about japan, we'll see whether that proves to be correct. >> now they're nothing, now they're no wrrks now they're dinosaurs. >> we're not saying that apple's g
it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china...
343
343
Nov 7, 2012
11/12
by
CNBC
tv
eye 343
favorite 0
quote 0
it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today? >> okay, well, question on two retail stocks that i don't know. jcpenney and sears, they have a lot in common. they both lose money. they both have negative same-store sales. and, my opinion, i think their business mounds are a little flat, but they do own part of the real estate. are they overvalued? and the big question is what would the share price be of each company if you just base it on the value of the real estate? >> you have to believe that retail is going to really come roaring back more than it has. i want to avoid both of them. let's st
it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today?...
98
98
Nov 1, 2012
11/12
by
CNBC
tv
eye 98
favorite 0
quote 0
but our scale in the u.s. is very significant. again, i think it circles back to what is the best personalized radio experience in the world. we deliver that today. we make it very hard for anyone to answer the question why you should stop listening to your pandora stations. >> i understand pandora has been lobbying congress to pass internet radio fairness act to lower those set licensing fees which eat up a big chunk of your revenue. that's your plan if this bill doesn't pass? >> well, there is an arbitration process that will take place in 2014 and 2015 that will separate 2016 through 2020 for all internet radio. we're fully prepared to enter that arbitration process and would look forward to making the case for rates that are more fair than what we see today. the bill changes the legislative guidance to the arbitration panel to make that guidance consistent with the guidance that congress has given for satellite radio rate setting and for cable radio rate setting which we think is more even. but even if that bill is not passed,
but our scale in the u.s. is very significant. again, i think it circles back to what is the best personalized radio experience in the world. we deliver that today. we make it very hard for anyone to answer the question why you should stop listening to your pandora stations. >> i understand pandora has been lobbying congress to pass internet radio fairness act to lower those set licensing fees which eat up a big chunk of your revenue. that's your plan if this bill doesn't pass? >>...
81
81
Nov 19, 2012
11/12
by
CNBC
tv
eye 81
favorite 0
quote 0
i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are selling off the dividend paying stocks or is that a level that you say on this selloff i am ready to buy? >> so that is a great question and brings in a different area. everybody is saying lops there is weakness in there and under performing the market. that is tax policy reform. that is not happening until next year. the weakness today is unrelated to reform. and i say in the mortgage reach you see the same activity. we don't think the tax structure or code changes for those pieces materially. >> thanks for coming by. we appreciate it. >>> the stocks were once beaten down on fears
i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are...
212
212
Nov 1, 2012
11/12
by
CNBC
tv
eye 212
favorite 0
quote 0
chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm 5'5". when i'm with my mop and my sisters who are 4'11", i'm a giant. but when i'm around my friends who are 6-feet, reality sets in. so these nudges are not great. >> this could be too much information. >> i know. you're saying the numbers are good, but not -- >> that's exactly right. when you're starving, even a crumb looks like a steak. we need a few m
chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is...
52
52
Nov 1, 2012
11/12
by
CNBC
tv
eye 52
favorite 0
quote 0
better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most interesting one. finally catching a bounce for no apparent reason. here we are again at 1425, give or take, that was support on the way down a couple times. it's resistance on the way up. and here we are right now, my inclination is to stave this move, we'll know more in 12 to 14 hoyers from now. >> the semiconductor up 3%. it's almost as if people forgot about the forecast for the demise of the pc and said the month of november, we're going to go in, they're cheap, they're beaten down, and that's where the value is at this point. >> we've seen a big rotati
better than expected data from china, the u.s. helping to give a boost with stocks across the board. and tech, a bright spot in today's session with notable moods. it's interesting, you go from the month of october where tech was the worst performing sector and moved into november and how quickly things changed. >> it felt like the first of the month, i'm not making light of it, i think that's a lot of what's going on. tech clear, microsoft performed well. intel to me, the most...
59
59
Nov 12, 2012
11/12
by
CNBC
tv
eye 59
favorite 0
quote 0
>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be? >> well, i think oil and gas prices are still going to go up because world oil demand continues to increase. today we're still sitting at around $3.50 a gallon for gas and about $100 for oil. i'm expecting prices will rise to about $110, $115 over the long term. >> no matter what. so, neshg, inflation aside because prices always go up, we'll have higher prices regardless, right? >> that's my expectation. there's no doubt up. look at the iaea, they say oil demand will rise from about 87 million a barely as day to over 100 million barrel as a day. we have foun
>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be?...
158
158
Nov 12, 2012
11/12
by
CNBC
tv
eye 158
favorite 0
quote 0
a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020 we are seeing that priced in and the divergence that you are seeing between crude highlights the fact that there is a lot of focus in how much supply we have here in the u.s. this is just a confirmation of @ñat fact. >> it is so good to have you today because we are kicking off the new segment called fast or fiction where we take something like this report and see if you guys are buying it. >> i'm not buying it because tla far out in the future. we will be energy independent far faster than the iea thinks it will happen. i think in north a
a lot of thatoming from the u.s. what all of this means in terms of the global energy trade is that we will see a shift in terms of the diversification and build up in supply. we will have a change in terms of where the middle east oil is going, as well. 90% of that is expected to go to asia by 2035. >> i'm curious what the temperature on the floor was on this report. do people buy this? >> a lot of traders say it is already priced in when you look all the way out to 2017 and 2020...
228
228
Nov 1, 2012
11/12
by
CNBC
tv
eye 228
favorite 0
quote 0
at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of
at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in...
151
151
Nov 2, 2012
11/12
by
CNBC
tv
eye 151
favorite 0
quote 0
u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers as well as our snowfall. again, a little bit of being a tip weather still knocking on the door of the northwest. here's a look at that system that i was telling you about. again, that will produce 1 to 4 inches of snow into portions of the dakotas as well as knocking on the door of northwestern minnesota. our storm system once it does track a little further east on sunday, things getting a difference from southeastern texas all the way up in to north carolina. now, as for those of you who are keepin
u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers...
187
187
Nov 17, 2012
11/12
by
CNBC
tv
eye 187
favorite 0
quote 0
for the last four quarters, many japanese models turned to the u.s. markets. next year in p the business should probably decelerate a bit as these positives move into the rear view mirror. it's not about who is selling new cars versus used ones. it's about who can open new stores. carmax, turbo charge growth story, they plan on expanding from 110 locations to over 300. 10% square footage growth over the year. think of carmax as a regional and national used car retailer. many expenses associated with opening new stores should peak by the middle of next year. autonation can't start opening up new dealerships whenever it wants. autonation generally operates franchises for the automakers. autonation is a closely held stock. rbs partners own 38% of the company. in the past, autonation had discipline and patient buyback. carmax just announced its first share repurchase at the end of october which indicates management is feeling bullish about the company's prospects. if you're looking for a way to play the booming domestic auto business, i say carmax is the better bu
for the last four quarters, many japanese models turned to the u.s. markets. next year in p the business should probably decelerate a bit as these positives move into the rear view mirror. it's not about who is selling new cars versus used ones. it's about who can open new stores. carmax, turbo charge growth story, they plan on expanding from 110 locations to over 300. 10% square footage growth over the year. think of carmax as a regional and national used car retailer. many expenses associated...
93
93
Nov 28, 2012
11/12
by
CNBC
tv
eye 93
favorite 0
quote 1
. $9 billion flowed out of u.s. equities last week, the biggest outflow this year matched only by the week before the presidential election. so is this rational behavior? or perhaps a lost opportunity here? and it's important to see where the inflows were too. the biggest inflows were to money market funds. and that is -- >> that's rash -- >> yeah, just go to cash. i'm cashing out. >> they may be costing you money to put your money in the mutual funds. and this is the problem because monetary policy has gotten in the way of fiscal policy. and in fact, if you look at today's market. today was all about monetary policy reversing course of the s&p when, in fact, all we should be talking about is fiscal policy and we can't get anything done. >> doesn't it stand to the point of how desperate people are to hold on to their cash? it mean, we've seen this. there's always a reason to wait, always a reason to stop trading, always a reason to move to the sidelines. and you keep getting them time after time after time. you have
. $9 billion flowed out of u.s. equities last week, the biggest outflow this year matched only by the week before the presidential election. so is this rational behavior? or perhaps a lost opportunity here? and it's important to see where the inflows were too. the biggest inflows were to money market funds. and that is -- >> that's rash -- >> yeah, just go to cash. i'm cashing out. >> they may be costing you money to put your money in the mutual funds. and this is the problem...
168
168
Nov 20, 2012
11/12
by
CNBC
tv
eye 168
favorite 0
quote 0
now some of this is because the u.s. travel market has begun to rebound. more people are renting cars all over the country. some have to do with hurricane sandy. 200,000 cars taken out of commission. and that should lead to a short term increase in demand. the sandy bump won't last. the real reason for the resurgence of the rental car business could be because of something that happens in washington. it is one word. and that word is consolidation! over the last decade this industry has seen a series of mergers that allowed the rental car companies to cut costs and also raise price. and with the recent acquisition of dollar thrifty by hertz, there are now only four players that really matter here. just four. and one of them, enterprise is private. which means you have only three possible ways to play this rental car bull market. there is hertz, second largest player through enterprise and the largest traded rental car company and avis. and now that dollar thrifty is taken over, the last one is zip car. it's been a total dog. now back in june before we knew
now some of this is because the u.s. travel market has begun to rebound. more people are renting cars all over the country. some have to do with hurricane sandy. 200,000 cars taken out of commission. and that should lead to a short term increase in demand. the sandy bump won't last. the real reason for the resurgence of the rental car business could be because of something that happens in washington. it is one word. and that word is consolidation! over the last decade this industry has seen a...
210
210
Nov 19, 2012
11/12
by
CNBC
tv
eye 210
favorite 0
quote 0
the judge of the u.s. bankruptcy court will preside over a mediation between hostess lawyers and bakers union which had previously turned down a deal. tomorrow's mediation is private. that's important because like the public hearing today, of course, everyone wants to satisfy those who are watching and the vested interest at hand. this way they'll hopefully be able to put some concessions on the table without worry being that public perception. if that mediation does not resu result, the hearing that was going on today for the liquidation, that will resume wednesday at 11 a.m. if, in fact, they cannot reach an agreement tomorrow. for the meantime, a lot of people have been in the parlor game of speculating about whether a buyer will come to the fore. many companies have voiced they wouldn't step in before seeing the outcome of whether the company would be liquidating. in that case pick off the assets. we have heard sun capital potentially interested in a deal, that would be involving the unions. so that mi
the judge of the u.s. bankruptcy court will preside over a mediation between hostess lawyers and bakers union which had previously turned down a deal. tomorrow's mediation is private. that's important because like the public hearing today, of course, everyone wants to satisfy those who are watching and the vested interest at hand. this way they'll hopefully be able to put some concessions on the table without worry being that public perception. if that mediation does not resu result, the...
39
39
Nov 2, 2012
11/12
by
CNBC
tv
eye 39
favorite 0
quote 0
comes the same week as disney is opening "wreck-it ralph" expected to gross north of $40 million at the u.s. box office this weekend. it's a disney animation movie but it's drawing the kind of rave reviews usually reserved for pixar films, not disney animation. following the strong performance of "tangled" last year, disnis animation under the leadership of john lassiter is firmly on track. >> a potential upbeat story at the mouse house. how do the charts look going into earnings. to carter of oppenheimer. he nailed the direction of disney in the last three earnings reports so where is it going. >> i have two charts we can zero in on. the first is a daily chart and the thing that jumps out to the eye anyway, how orderly it is. perfect 45-degree angle and what's important when the market sold off in may and june, disney was impervious, now at the bottom of which is a well-defined channel and buy the weakness. long-term chart, disney just broken 0 out from tops that have been in effect since 1998. and usually when a breakout occurs like this it is not contained to a few points. we would play
comes the same week as disney is opening "wreck-it ralph" expected to gross north of $40 million at the u.s. box office this weekend. it's a disney animation movie but it's drawing the kind of rave reviews usually reserved for pixar films, not disney animation. following the strong performance of "tangled" last year, disnis animation under the leadership of john lassiter is firmly on track. >> a potential upbeat story at the mouse house. how do the charts look going...
62
62
Nov 16, 2012
11/12
by
CNBC
tv
eye 62
favorite 0
quote 0
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is going to come back and take out all those stops for those who
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the...
189
189
Nov 9, 2012
11/12
by
CNBC
tv
eye 189
favorite 0
quote 1
and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you have to work hard on the technical side so it means reinsurance and insurance rates have some pressure from the future investment return side. that's partially why the sector has done well this year. >> stefan, thanks for joining us. good to talk to you. >> thank you very much. >>> recorrected a proposal from extrat take to take control of the business while unveiling a $1 billion rights issue. earlier we spoke to the acting ceo and here's what he had to say. >> we have certainty around the funding of $800 million, 817 plld, a
and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you...
169
169
Nov 8, 2012
11/12
by
CNBC
tv
eye 169
favorite 0
quote 0
certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of natural gas to our economy and i hope we continue that way. >> i'm glad we got to talk about safety cleans last time you were on. we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not hav
certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of...
340
340
Nov 5, 2012
11/12
by
CNBC
tv
eye 340
favorite 0
quote 1
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box," making headline this is morning, southern company is reporting weaker than expected third quarter earnings in revenue, that was before the bell today. the atlanta-based electricity company says results were hurt by milder than normal weather and an uncertain economy. else where, rockwell automation quarterly earnings there and sales topped wall street estimates. this company makes factory automation equipment input costs climbed during the period and shares of transocean are getting a boost this morning after the company reported a higher than expect
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box,"...
143
143
Nov 26, 2012
11/12
by
CNBC
tv
eye 143
favorite 0
quote 0
so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i think that was the best trading opportunity left in 2012, so if you missed it, you have to be a little bit cautious now about piling in at the start of this week. i think we can still maintain at the levels reached, but i think it will be a little more choppy. >> and it contact on the back with the s&p off 10%, 11% from the september highs. >> that's right. an overextension. it was a pretty straightforward call. i know it's always easy to say that in hipd site, but -- >> we did call it, though. >> we did. but
so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i...
464
464
Nov 7, 2012
11/12
by
CNBC
tv
eye 464
favorite 0
quote 0
change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> welcome back to our special coverage. hundreds of races in the house and senate tonight. >> there's tight races in the senate in early returns. pretty much going as we expected. we do have handful of newly projected winners in the senate races so far. nbc news declared that bill nelson is projected winner in the state of florida. nbc news also declaring angus king the projected winner in the state of
change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [...
171
171
Nov 8, 2012
11/12
by
CNBC
tv
eye 171
favorite 0
quote 0
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in the economy and stimulus, but you can't get older people to spend money, and europe has the worst problems because they have the worst demographic. >> listen. the economist in britain taught us that demographics do not have a very strong predictive value, particularly when it comes to markets. in 1998, harry wrote a book saying the dow was going to 35,000. in 2009, he wrote about the great depression that was ahead, and the s&p has gone up 110% off the lows. the economy has gone to new highs in gd
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice...
53
53
Nov 7, 2012
11/12
by
CNBC
tv
eye 53
favorite 0
quote 0
if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian kelly. i know you like stocks over bonds in the long term, but the scenario you just described sounds to me like i want protection, i want to be in the bond market. bonds were up huge today. have you changed your view on stocks over bounds in the long run? >> new york the long run, we think the equity returns are going to be higher than bond returns over the long term, though we do think that they are all going to be lower than what we have been used to over the last several decades n this environment, with this volatility comi
if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian...
150
150
Nov 1, 2012
11/12
by
CNBC
tv
eye 150
favorite 0
quote 0
all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many months. analysts say perhaps now there's less need for the central bank to bring in further rate cuts. still the pboc is working to keep money markets loose. dan, if these china figures are improving, do you believe china is bottoming and will we see less policy stimulus from here? >> one of the concerns we have is we did see increased subsidy out of china. it reflects the opinion of management as to whether or not they can sell their product. part of selling one's product is price. to the extent that you are lowering price and getting increased demand, you feel good about
all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many...
186
186
Nov 26, 2012
11/12
by
CNBC
tv
eye 186
favorite 0
quote 0
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the ma
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic...
72
72
Nov 5, 2012
11/12
by
CNBC
tv
eye 72
favorite 0
quote 0
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
98
98
Nov 6, 2012
11/12
by
CNBC
tv
eye 98
favorite 0
quote 0
the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of asset inflation, you have to have assets. >> that's right. most of the millionaires will lean toward romney. the top issues for voters are the national defic
the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires,...
97
97
Nov 8, 2012
11/12
by
CNBC
tv
eye 97
favorite 0
quote 0
they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if you're an investor worried about these ratings agencies, it is very clear here that you are going to know the outcome of the fiscal cliff negotiations here in washington before these ratings agencies make a move to downgrade u.s. debt. they are going to wait to see what happens in th
they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies...
173
173
Nov 20, 2012
11/12
by
CNBC
tv
eye 173
favorite 0
quote 0
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, oc
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning....
44
44
Nov 1, 2012
11/12
by
CNBC
tv
eye 44
favorite 0
quote 0
. >>> hurricane sandy will go down as one of the costliest storms in u.s. history. what does it mean for insurance stocks? morgan stanley is cutting its earnings by an average of 26%. after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better pricing power, so they can quickly raise prices, where as an all-state or travelers won't be able to price as aggressively. in terms of aig, the reason we own it, this is obviously a horrible situation, but i think it will be contained somewhat in the fourth quarter, maybe the first. it's really cleaned up its balance sheet and focusing on two business lines. casualty and life. i think the life business will start to see some momentum as he they get more distribution. i think they use the weakness to buy when the stock is trading at .6 times book value. >> mike murphy, you could see a bit of an e
. >>> hurricane sandy will go down as one of the costliest storms in u.s. history. what does it mean for insurance stocks? morgan stanley is cutting its earnings by an average of 26%. after sandy. so stephanie link, if you have insur insured losses, some of the numbers hitting 50 billion could go higher. how are you thinking about the space today? >> there are some companies that are going to fair better. something like an aig which has surplus insurance, they have a better...
266
266
Nov 14, 2012
11/12
by
CNBC
tv
eye 266
favorite 0
quote 0
so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company is pushing. we look back historically, there are more enterprise switched. now the big push is in the data center. you think about the server market, that's about a $50 billion opportunity. so i think cisco's vision -- and i agree with it, they need to be a broader i.t. vendor, not just a networking vendor. server ucs broadens their market exposure. >> so what does scientific atlanta do at this point? do we even talk about it anymore? does it complement what they have? >> it definitely complements the product port
so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company...